I'm so tired of (usually conservative) people who obviously have never even heard of the BLS try to talk about how "fake" the unemployment rate is.
No, actually, there are 7 different variations of that metric, and they are all extremely correlated with each other. The reality is that unemployment by all metrics is extremely low. Cry about it conservatives.
Not a conservative, quite the opposite in fact! I simply don't trust the government to report correctly on statistics that are levers for public sentiment. Interest rates, inflation, unemployment... All of those come with an incentive to misreport, to twist behavior.
Let's couple those unemployment statistics to income and see which jobs are growing. Hint, it won't be any good jobs. Which is the actual problem: too many jobs in America are "not meant for you to live on" and most economic opportunity is insufficient for significant economic improvement at the ground level of society.
Der_Einzige|2 years ago
No, actually, there are 7 different variations of that metric, and they are all extremely correlated with each other. The reality is that unemployment by all metrics is extremely low. Cry about it conservatives.
zlg_codes|2 years ago
Let's couple those unemployment statistics to income and see which jobs are growing. Hint, it won't be any good jobs. Which is the actual problem: too many jobs in America are "not meant for you to live on" and most economic opportunity is insufficient for significant economic improvement at the ground level of society.
paulddraper|2 years ago